Saturday, January 9, 2021
Home NEWS Public Data Will be Sold on Social Media

Public Data Will be Sold on Social Media

“Public Data Will be Sold on Social Media, The Government Can Change The IT Act”

Social media and tech companies may soon get approval to sell customer data. For this, the government can change the IT Act in the coming days and issue new guidelines. Under the new act, it will be legal right to sell customer data across tech and social media companies like Google, Facebook and Amazon.

New rules will boost competition
According to CNBC’s news, the government is considering the purchase and sale of data, which can help in bringing new schemes to the common man. Other private ones will also be able to use them. However, this is a very early step for the government. The new guidelines will include information like visitor traffic, usage patterns. Companies must share information with the government, non-governmental organizations. However, it will be decided after talks with all the parties. The new rules will promote competition.

The new rules will be going to increase the competition among all the available players. This move is going to bring enormous changes in the IT industry.


Please enter your comment!
Please enter your name here

Most Popular

What Points You Must Consider Before Bombarding Your Business Idea?

Starting any business is not an easy deal and it takes a lot of courage to think of starting a career as risky as...

Income Tax Exemption For Startups With a Turnover of Rs 25 Crore

The Central Board of Direct Taxes (CBDT) on Thursday clarified that small startups with a turnover of Rs 25 crore will be 100 percent...

5 Business Ideas in Low Investment

If you want to start a new business, but are frustrated due to no better option, then stop worrying. We have many business ideas,...

Girls from Bihar deposited 1 rupee daily and opened sanitary pad bank for needy girls

The contribution of one rupee to be done every day on their own wish is proving to be a big help for the young...